The Fed estimates that all together, the less-safe banks are going to need to raise a collective $120 billion in debt. A few requirements must be met by January 1, 2019, while more-stringent requirements must be met by January 1, 2022. The reforms will affect eight large, interconnected banks, such as JPMorgan Chase & Co, Goldman Sachs Group Inc., Wells Fargo & Co., Bank of America Corp., Morgan Stanley, Citigroup Inc., State Street Corp.
On Monday morning, Meg Whitman will ring the bell at the New York Stock Exchange as the brand-new company she will lead, Hewlett Packard Enterprise Co., begins trading. The company says it will be focused on four key areas that are "fundamental" to enabling business transformation and future growth, and represent an estimated total addressable market of more than US$1 trillion.
Pfizer shares dipped almost 2 percent to $34.78. It was purchased by Actavis , which took on the Allergan name. Allergan , which makes Botox, jumped... But betting on political inaction on inversions is risky. THE EARLY SCORE: The Dow Jones industrial average slipped 54 points, or 0.3 percent, to 17,725 as of 11:30 a.m.
The official manufacturing purchasing managers' index came in at 49.8, the same pace as September, although any reading below 50 implies that the sector is shrinking. China has already cut interest rates six times since last November to boost its economy, which is forecast this year to grow at its slowest annual pace in a quarter of a century, but more actions may be needed to stimulate growth.
So the DEA conducted an audit of Chopin Brooklyn in 2013 - and found that more than 400,000 pills had been handed out to customers without prescriptions. An indictment said the two collected hundreds of thousands of dollars in cash payments by illegally selling the pills to among others Robert Cybulski, a Staten Island resident who was one of the largest purchasers and was likewise arrested.
Presently the company Insiders own 0.9% of First Niagara Financial Group Inc . shares according to the proxy statements. It is one of the biggest bank tie-ups of the year and further solidifies 2015 as the biggest year for bank deals since the financial crisis.